The Kingdom of Saudi Arabia's flag
Credit facilities extended to micro, small and medium enterprises (MSMEs) in Saudi Arabia rose by 16% year-on-year (YoY) to almost SAR 293.4 billion in Q1 2024, data from the Saudi Central Bank (SAMA) showed.
The following table shows development in credit facilities provided to MSMEs from banks and financing companies:
|
Total Credit Facilities Provided to MSMEs (SAR bln) |
|||
|
Change |
2024 |
2023 |
Period* |
|
+16% |
293.4 |
252.2 |
Q1 |
|
-- |
-- |
262.7 |
Q2 |
|
-- |
-- |
268.6 |
Q3 |
|
-- |
-- |
275.6 |
Q4 |
Banks accounted for SAR 275.73 billion worth of credit facilities, or 94% of the total. Facilities provided by financing firms stood at SAR 17.70 billion, or 6% of the total.
The table below indicates details of credit facilities provided to MSMEs by sector in which the lenders operate:
|
Credit Facilities Extended to MSMEs (SAR bln) |
|||
|
Total |
Financing Institutions |
Banking Sector |
Period* |
|
95.68 |
7.83 |
87.84 |
Q1 2018 |
|
101.26 |
7.66 |
93.60 |
Q2 2018 |
|
106.68 |
7.68 |
99.00 |
Q3 2018 |
|
108.52 |
7.76 |
100.76 |
Q4 2018 |
|
113.17 |
8.15 |
105.02 |
Q1 2019 |
|
113.03 |
7.87 |
105.16 |
Q2 2019 |
|
115.61 |
8.75 |
106.86 |
Q3 2019 |
|
117.35 |
9.38 |
107.97 |
Q4 2019 |
|
134.84 |
9.68 |
125.16 |
Q1 2020 |
|
158.04 |
10.64 |
147.40 |
Q2 2020 |
|
175.74 |
10.75 |
164.99 |
Q3 2020 |
|
182.24 |
11.89 |
170.35 |
Q4 2020 |
|
188.43 |
12.97 |
175.46 |
Q1 2021 |
|
198.22 |
13.46 |
184.76 |
Q2 2021 |
|
200.37 |
14.16 |
186.22 |
Q3 2021 |
|
203.23 |
14.64 |
188.59 |
Q4 2021 |
|
218.68 |
15.27 |
203.41 |
Q1 2022 |
|
221.00 |
15.39 |
205.61 |
Q2 2022 |
|
228.03 |
15.47 |
212.57 |
Q3 2022 |
|
229.03 |
15.81 |
213.23 |
Q4 2022 |
|
252.23 |
17.28 |
234.95 |
Q1 2023 |
|
262.67 |
17.31 |
245.34 |
Q2 2023 |
|
268.57 |
16.93 |
251.64 |
Q3 2023 |
|
275.58 |
17.28 |
258.30 |
Q4 2023 |
|
293.43 |
17.70 |
275.73 |
Q1 2024 |
Medium enterprises accounted for SAR 153.74 billion (56%) of Saudi banks' facilities, while small enterprises held around SAR 95.19 billion in the first quarter of the year, as shown below:
|
Facilities Extended from Banking Sector (SAR bln) |
||||
|
Total |
Medium |
Small |
Micro |
Enterprise |
|
87.84 |
61.62 |
22.01 |
4.22 |
Q1 2018 |
|
93.60 |
69.10 |
20.82 |
3.69 |
Q2 2018 |
|
99.00 |
73.22 |
21.80 |
3.97 |
Q3 2018 |
|
100.76 |
74.76 |
22.31 |
3.70 |
Q4 2018 |
|
105.02 |
79.17 |
22.98 |
2.87 |
Q1 2019 |
|
105.16 |
79.44 |
23.11 |
2.61 |
Q2 2019 |
|
106.86 |
80.84 |
22.97 |
3.05 |
Q3 2019 |
|
107.97 |
81.44 |
23.01 |
3.53 |
Q4 2019 |
|
125.16 |
93.92 |
27.47 |
3.78 |
Q1 2020 |
|
147.40 |
110.80 |
31.28 |
5.33 |
Q2 2020 |
|
164.99 |
121.54 |
37.26 |
6.20 |
Q3 2020 |
|
170.35 |
123.26 |
39.92 |
7.18 |
Q4 2020 |
|
175.46 |
127.45 |
39.67 |
8.34 |
Q1 2021 |
|
184.76 |
132.11 |
44.18 |
8.47 |
Q2 2021 |
|
186.22 |
129.99 |
45.08 |
11.14 |
Q3 2021 |
|
188.59 |
128.64 |
50.59 |
9.37 |
Q4 2021 |
|
203.41 |
135.54 |
54.04 |
13.83 |
Q1 2022 |
|
205.61 |
134.88 |
55.78 |
14.94 |
Q2 2022 |
|
212.57 |
136.64 |
61.55 |
14.37 |
Q3 2022 |
|
213.23 |
132.97 |
65.08 |
15.18 |
Q4 2022 |
|
234.95 |
145.09 |
70.25 |
19.62 |
Q1 2023 |
|
245.34 |
149.43 |
75.70 |
20.21 |
Q2 2023 |
|
251.64 |
152.42 |
77.87 |
21.35 |
Q3 2022 |
|
258.30 |
151.89 |
84.09 |
22.32 |
Q4 2023 |
|
275.73 |
153.74 |
95.19 |
26.80 |
Q1 2024 |
Small enterprises accounted for SAR 8.26 billion of financing firms’ facilities in Q1 2024, with medium enterprises garnering around SAR 6.85 billion in the same period.
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}